Edo State governor, Adams Oshiomhole yesterday expressed surprise over the dwindling balance of $2.5 billion in the excess crude account.
Since the drastic fall in the price of crude oil in the international market below the budget benchmark, little or nothing has gone into the account.
Fielding questions from newsmen in Abuja after a meeting of the Nigeria Governors Forum, Oshiomhole said the financial crunch facing all the states and the federal government was as a result of the greed of a few individuals.
“The issue is about government meeting its obligations to the Nigerian people. To stop the fleecing; stop the stealing and get those who had stolen return the money.
“We are surprised the excess crude fund has dropped to $2.5 billion. How did this happen. No nation makes enough money to feed the greed of its people.”
He asserted that the financial crisis facing the states is beyond payment of salaries alone.
“The issue is not about payment of salary. In Edo state, we are paying. But the issue is not that because even the Bible said the labourer deserves his wage. Nothing justifies the situation in which we find ourselves now.
“A situation where what accrues to the states is less than what is required to pay workers, I think there are a couple of issues. Governors are prepared to assist plug all loop holes. You don’t need to witchunt anybody, just plug the loopholes.
“The crises we face now, concerning public sector; if we don’t pay contractors, the day they lay off their workers, we have a greater problem.”
Governor Oshiomhole confirmed that the 36 states governors would be meeting with President Muhammadu Buhari to find solution to the financial crisis facing all the states.


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